Fintech Updates
NPCI to cease cons from ‘pulling’ a quick one by way of UPI: The Nationwide Funds Company of India (NPCI) is working to phase out ‘collect calls’ for service provider funds as a part of the federal government’s efforts to fight on-line frauds by way of the Unified Funds Interface (UPI), two bankers accustomed to the matter mentioned.
Hit a regulatory bump? Interministerial panel set as much as deal with fintech troubles: The government has constituted an inter-ministerial committee to deal with points being confronted by the nation’s fintech business that has run into a number of regulatory hurdles over the previous few years.
PayU picks up 43% stake in funds options agency Mindgate valuing it at $250 million: Digital funds main PayU has picked up a 43% stake in Mindgate Solutions, a banking infrastructure firm, valuing the corporate between $200- $250 million. This marks the primary section of a bigger plan to accumulate 100% of Mindgate over the following three years, three folks conscious of the matter mentioned.
Banks in direct link-up with I4C to test fraud on accounts: Giant Indian banks and funds corporations resembling Razorpay and Cashfree are immediately integrating their systems with the Integrated Cyber Crime Coordination Centre (I4C) in a bid to take instantaneous motion to arrest fee frauds, mentioned three bankers with information of the matter.
Fintech sees early inexperienced shoots as growth-stage offers choose up: Information from Enterprise Intelligence reveals growth-stage offers have already attracted more than $550 million of capital in 2025, with some extra offers being within the last levels of closing. This comes after subdued investments throughout 2023 and 2024, when solely round $1.3 billion every was invested within the fintech area.
Additionally Learn: Federal Bank restarts co-branded credit card issuance with fintech startup Scapia
Prime Tales This Week
Anmol Singh Jaggi, cofounder, BluSmart
Scoop: Uber in early discussions with EV ride-hailing startup BluSmart for a potential acquisition| US-based ride-hailing platform Uber Applied sciences is in early levels of discussions to acquire BluSmart Mobility, the Gurugram-based all-electric cab service operator. A deal may assist Uber enhance its presence within the rising area for electrical cabs in India.
Additionally Learn: Uber India logs 41% rise in operating revenue at Rs 3,762 crore; loss narrows 71%
Home of playing cards: Roll-up ecommerce mannequin stumbles as founders reclaim manufacturers: Throughout India’s roll-up ecommerce sector, founders who as soon as celebrated profitable buyouts are now reclaiming their businesses—usually at a fraction of what they have been initially acquired for.
QSR manufacturers using on qcomm wave with customised choices: Wow Momo, Chaayos, Chai Level, Boba Bhai, and Blue Tokai are amongst fast service restaurant (QSR) manufacturers introducing customised versions of their top-selling products on fast commerce platforms resembling Blinkit, Zepto and Swiggy Instamart to seize a increase in instantaneous supply.
Apple deepens India presence, enlists prime names as suppliers: Wipro Enterprises and Lakshmi Machine Works (LMW) are the newest names to affix the rising checklist of Indian gamers that American iPhone main Apple is looking to onboard as suppliers, a number of folks conscious of the developments informed us.
Google agrees to purchase cybersecurity startup Wiz for $32 billion: Google father or mother Alphabet has confirmed that it has entered into “a definitive settlement” to acquire cloud cybersecurity startup Wiz. In line with a joint press launch from Google and Wiz, the all-cash deal is valued at $32 billion, topic to closing changes. As soon as finalised, Wiz will turn out to be a part of Google Cloud.
Funding News
(L-R), Gagandeep Makker and Anurag Kedia, cofounders, Pilgrim
D2C magnificence model Pilgrim raises 200 crore: Direct-to-consumer (D2C) magnificence and private care model Pilgrim has raised Rs 200 crore by means of a mixture of major and secondary funding. With this spherical, its complete capital raised throughout major and secondary rounds now stands at round Rs 421 crore.
Everhope Oncology raises $10 million: Everhope, a three way partnership established by the Narayana Well being Group, health-focused early-stage enterprise fund W Well being Ventures, and its enterprise studio 2070 Well being, has raised $10 million in seed funding. This funding can be used to ascertain most cancers care clinics in Delhi and Mumbai.
Ice-cream maker GoZero raises Rs 30 crore: New-age ice-cream maker GoZero has raised Rs 30 crore from present buyers DSG Client Companions, Saama Capital, and V3 Ventures. The funds can be used to develop the provision chain, drive product innovation, and improve model progress.
Additionally Learn: ETtech Deals Digest: Startups raise $1.1 billion this week; up 5x on-year
Eye on AI
With an eye fixed on AI, tech firms rejig prime deck, plan structural overhaul: The rise of AI and a altering enterprise panorama have led to leadership changes in India’s tech services companies, with eight appointing new CEOs, together with LTIMindtree, Cyient, and Happiest Minds, and three, together with Wipro, restructuring their organisations since January.
Indian AI startups set sail for American dream: A slew of synthetic intelligence-focused startups based by Indian entrepreneurs, are making a beeline for the US looking for extra AI-conversant buyers in addition to to be nearer to their major prospects.
Tech and Coverage
Indian semiconductor firms eye international expertise to spearhead operations: Homegrown semiconductor makers are rushing to tap talent globally to spearhead their nascent operations on this potential progress market, mentioned business consultants.
Elon Musk’s X sues Indian authorities over alleged censorship, IT Act violations: Elon Musk’s social media platform X Corp (previously Twitter), has filed a writ petition in the Karnataka High Court difficult New Delhi’s authority to concern info blocking orders utilizing a bit of the IT Act.
ET had previously reported that X informed the Delhi Excessive Court docket it had its personal system for sharing info with legislation enforcement in cybercrime circumstances. The corporate acknowledged it couldn’t be pressured to affix the Centre’s ‘Sahyog’ portal, resulting in the battle.
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